Annual performance for 2011: Good 2011 profit for the E-CO Energi Group
Press release 01/12
2011 began with very little snow, a hydrological deficit and record-high prices. This trend reversed in mid-year, turning
to record-high precipitation and a decline in prices. Thanks largely to the high level of availability of our power plants
and efficient price hedging, E-CO Energi can once again report a good result. Consolidated operating revenues totalled MNOK
3 514. The average selling price was 0.37 NOK/kWh, which was 2.5 per cent higher than the area price for Oslo. The net profit
for the year was MNOK 943, compared with MNOK 1200 last year. E-CO's Board of Directors proposes a dividend of MNOK 800.